23,276 Shares in AdvanSix Inc. (NYSE:ASIX) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,276 shares of the company’s stock, valued at approximately $663,000. Proficio Capital Partners LLC owned about 0.09% of AdvanSix as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in shares of AdvanSix by 618.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after acquiring an additional 3,754 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after acquiring an additional 1,396 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of AdvanSix during the 3rd quarter worth approximately $204,000. Foundations Investment Advisors LLC bought a new stake in shares of AdvanSix during the 4th quarter worth approximately $223,000. Finally, Intech Investment Management LLC purchased a new position in AdvanSix during the 3rd quarter worth $274,000. 86.39% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the transaction, the chief executive officer now directly owns 507,795 shares in the company, valued at approximately $14,294,429.25. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ASIX shares. UBS Group set a $35.00 price objective on AdvanSix in a report on Tuesday. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, Piper Sandler reduced their price objective on AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th.

AdvanSix Trading Down 1.4 %

ASIX opened at $22.99 on Friday. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. The stock’s fifty day moving average is $28.60 and its two-hundred day moving average is $29.26. The company has a market capitalization of $614.84 million, a P/E ratio of 14.28 and a beta of 1.73. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. Analysts forecast that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.78%. AdvanSix’s dividend payout ratio is presently 39.75%.

AdvanSix Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.